In the News: Bloomberg

Fiscal and regulatory clarity may help the economy, not more money printing, Senior Economic Adviser William Poole tells the Wall Street Journal

"More bond buying from the Federal Reserve won’t help the U.S. economy, because purchases can’t remedy the main problem plaguing the U.S., which is fiscal and regulatory uncertainty, former St. Louis Federal Reserve President William Poole said.

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'What is holding the economy back has nothing to do with monetary policy,' Poole said. 'The Fed could flood the economy with more money, but that’s not going to fix the short-term problem, and it raises the longer-term risk” of inflation further down the road.'

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